CorionX is determined to facilitate the mass adoption of stablecoins, making them accessible for a large population. With the advancement in technology and innovation, transaction methods are changing rapidly. And a new form of money that has taken the world by storm right now is stablecoins. These are among the latest crypto instruments that can transform the way of payments globally.
With the #MoneyInTheRightDirection movement, CORX- the utility token, and other innovative activities, CorionX is creating a common platform for promoting the growth of stablecoins and decentralized finance. It supports research, development, adaption, and investment in the stablecoin market by emphasizing its excellent potential.
What are stablecoins?
A stablecoin is a cryptocurrency backed with a ‘stable’ value of fiat currencies or assets like gold or silver. This is to combat one of the biggest drawbacks of cryptocurrencies, which is the high volatility of the prices. That is why stablecoins with more stable prices have a decisive advantage.
Stablecoins can transfer money without the loss of value on cheaper, faster, easier, secure, and 24/7 solutions. They have the potential to take borderless payments to new heights. They are ideal for micro and macro payments and are unseizable as well, which means your private key is your money.
Benefits of Stablecoins?
There is no denial that stablecoins are the future of money, which is expected to explode in the market in the coming years. They leverage the first-hand benefits of cryptocurrencies, including transparency, security, privacy, low-fees, digital wallets, and fast transactions. All this without losing the trust and stability that are often associated with the usage of fiat currencies.
Stablecoins have revolutionized the way payment technologies can benefit millions of people across the world. From workers wanting to send money home to major businesses who wish to make payments to employees or suppliers living in different parts of the world, stablecoins will soon replace the traditional transfer methods.
To spread information and knowledge about stablecoins and the changing trend of money, CorionX distributes utility tokens among members and supporters of this community. 61.500.000 CorionX distribution will be distributed to the community through the Initial Exchange and DEX Offering (IEO, IDO).
The daily users of CORX tokens will be rewarded as an added incentive for the popularization of the movement. In the Loyalty Staking Program, 60.000.000 tokens will be distributed, 2.5% quarterly to the participants and backers.
Stablecoins are decentralized, peer-to-peer digital currency, enabling instant and anonymous payment to anyone across the globe. This ever-growing stablecoin community facilitates secure transactions, stable prices, secure independent methods, and a predictable regulatory environment. Through the various movements and activities, CorionX aims to build a vast community of 20 million active stablecoin users by 2021.